Fiduciary Bonds South Florida
Wednesday, October 31st, 2012
The responsibility of a court appointed fiduciary is a vital one that includes duties that will have legal implications. As a fiduciary, you receive the task of taking care of an individual’s property, referred to as the Estate. Neglecting to effectively manage and safeguard the Estate can lead to personal liability for you. Should you be unwilling or unable to fulfill the required responsibilities as a fiduciary then seek advice via your lawyer, or ask for the court to relieve you from fiduciary obligations?
Here’s a list of procedures to follow when you participate in a matter of this type?
- Be well-organized by preparing beforehand, and keep in mind appointments and due dates.
- Keep track of any income and expenses. Keep receipts for those incurred costs.
- Before paying any creditors of the Estate, talk to your lawyer first, because court authorization may be required. Also, be sure to confer with your lawyer prior to making any investments.
- Keep in mind that in most states, investments in something outside of FDIC protected accounts, or lawfully supported obligations are forbidden by law without the consent of the Court.
- Consider carefully the options before making any decisions. If you are unsure then speak to your lawyer immediately.
- Never create a new account for the estate in your own name. Be sure that the bank account is in the name of the Estate. The merging of your account with the estate account can be seen as criminal activity.
- Do not be late with in any report for the Court. This could lead to personal financial responsibility for any losses incurred by your failure to report to the court on time.
Call us today for a free consultation for all types of Surety Bonds including Fiduciary Bonds. Simon Insurance is based in South Florida and serves clients throughout the United States and Florida including Miami, Ft Lauderdale, West Palm Beach, Tampa, St Petersburg, Cape Coral, Orlando and Jacksonville. We encourage you to browse our website and call or email us today to find out how we can assist and help you!
Tags: Fiduciary advice, fiduciary bonds, Fiduciary Bonds West Palm Beach, florida fiduciary bonds, Need help with Fiduciary Bond
Posted in Fiduciary Bonds South Florida, Uncategorized | No Comments »
Monday, March 12th, 2012
A private school bond is a type of guarantee issued by a private school to ensure that in the event of that school closing down and ceasing to provide classes that the student is reimbursed for payments paid for those discontinued classes. The private school surety bond will ensure that the financial losses of school will not cost the student anything and it’s surety company, and the school in turn will take full responsibility.
Private School Surety Bonds are necessitated for private schools to guarantee that the school will fulfill its promises within the procedures stipulated by the state. The specifics of such a surety bond will vary from school to school. The cost of Private School surety bond will vary depending on the needs and requirements of the school.
Private School Surety bonds in Florida are the best legal way to safeguard students from a school’s failure to fulfill its obligations and to insure the financial security of the school. The mixture and diversity of rules from the state of Florida can lead to misunderstandings about the financial security of a school.
So if you are private school owner or leader seeking a surety bond then you should contact us at Simon Insurance. We are the right bond agency to provide your bond. Contact us st 561-948-4141 to find out more!
Tags: Private School Surety Bonds, Private School Surety Bonds in Florida, Private Schools, surety bonds, Surety bonds in South Florida, Surety Bonds in West Palm Beach
Posted in Contractor Bonding in Florida, Fiduciary Bonds South Florida, License and Permit Bonds, Probate Bonding Agent West Palm Beach, Surety Bond Company, Uncategorized, estate bonds, surety bonds, surety bonds west palm beach | 1 Comment »
Wednesday, February 8th, 2012
Surety bonds in West Palm Beach provide a extensive selection of safeguards that can have specified stipulations depending on the particular bond you need for your construction project. Bonds are required in order to give safeguards for companies, consumers, or state programs that wish to protect of their investments from unfair losses. When obtaining a bond in West Palm Beach it can initially appear to be too complex and difficult, so the involvement of the right bonding agency can be very effective in safeguarding your spending and money - and we’re at Simon Insurance are here to assist you with any bond you might have.
Surety Bonds in West Palm Beach
In contrast to an insurance agreement that deals with foreseeable money losses, a bond’s aspires to counteract corrupt companies - and to make them pay what is owned when they fail fulfill on their contractual obligations. Most prefer to do business with and work with companies that have a surety bond because it allows them to ensure that a job will get done on time without any financial losses. There are many kinds of surety bonds in West Palm Beach, so comprehending bonding procedures will make the administration of the contract simpler. Contact us today to find out more about how we can help you!
Tags: commercial insurance, construction insurance, court bonds West Palm Beach, fidelity bonds, Florida surety bonds, performance bonds, surety bonds, West palm beach surety bonds
Posted in Contractor Bonding in Florida, Fiduciary Bonds South Florida, License Bonds, License and Permit Bonds, Permit bonds, Probate Bonding Agent West Palm Beach, Probate Bonds, Probate Bonds Florida, Uncategorized, estate bonds, surety bonds, surety bonds west palm beach | No Comments »
Thursday, January 19th, 2012
A bond company in Florida that focuses on providing the clients with extremely competitive rates on all types of surety bonds is Simon Insurance Agency. We are devoted to providing our clients with a variety of Bond products to meet each specific need. With extensive knowledge we are able to answer all questions and concerns about Bonds making our clients feel secure and confident in making the right decision to fulfill their desire.
There are many types of Court and Probate bonding services available in Florida, some include:
• Executor Bonds
• Guardianship Bonds
• Testamentary Trustee Bonds
• Trustee for Will Bonds
With diversity of options, great rates, access to an array of providers you are sure to find exactly what you are looking for in a Bond Company in Florida. And remember that the Bonding Industry can be complex and overwhelming, so don’t forget to take advantage of your FREE consultation offer.
Tags: Bond Company in Florida, florida, Florida Bond Company, Florida surety bonds, performance bond, Probate, Simon Insurance Agency, surety, surety bond
Posted in Fiduciary Bonds South Florida, Probate Bonding Agent West Palm Beach, Probate Bonds, Probate Bonds Florida, Surety Bond Company, Uncategorized, surety bonds, surety bonds west palm beach | 1 Comment »
Friday, December 9th, 2011
What is a surety bond? and why do you need one before beginning a job?
A surety bond is basically a guarantee that the services promised by the contractor are fulfilled. In other other words it is a bond that will make sure that the job gets done no matter what! without the extra expensive of finishing the job yourself, in the event that some work is left incomplete or done wrong!
The surety bond will include three parties?
- The customer to be protected by the surety bond
- The contractor who promises to fulfill work specified in the contract
- The insurance agency that gives the bond to contractor in order to ensure that job will be completed
So do you need a surety bond? The answer yes, if you have any financially large job to do. For example if you were hiring a contractor to construct you a new home, you would want to definitely get a surety bond before you begin, so that in the event of the contractor failing to fulfill his contractual obligations you can ensure that the work will be complete by having the insurance money to fund another contractor to finish the abandon or unfinished work.
Or if you were to hire some one to transport a newly purchased vehicle to your home, you want to make sure that it arrives on time and without damages. A surety bond in this situation would safeguard you from financial loss because the surety bond would provide the insurance to pay for either the damages or loss of your new vehicle.
So what is a surety bond ? It is peace of mind that everything will go according to plan! Allow us at Simon Insurance to be the 3rd party that will contractual bind the contractor to the work he or she is obligated to do!
Tags: All about Surety Bonds Florida, definition surety bond, Florida surety bonds, surety bond in florida, surety bonds insurance, what is a surety bond
Posted in Contractor Bonding in Florida, Fiduciary Bonds South Florida, License Bonds, License and Permit Bonds, Probate Bonding Agent West Palm Beach, Surety Bond Company, Uncategorized, estate bonds, surety bonds, surety bonds west palm beach | 1 Comment »
Wednesday, October 26th, 2011
Estate bonds in Florida is a hard pill to swallow for many. Living in the sunshine state, the last thing most people want to think about is their personal death, and how it will effect others. But there are just some realities that are so important that it better to face now then later. With many situations and circumstances in life you can have the attitude of ‘put off today what can be done tomorrow’ because life in the main will give you a second chance or will provide time for rescheduling. Very few things in life are absolutely basic to the well being of ones loved ones.
But when it comes to bond insurance the before mentioned attitude of living is normally not applicable. So consider these few things to help you over the psychological hurdle of preparing for the worst.
1. The peace mind you’ll have that in the event of your death your loved ones will be looked after.
2. Just because you have bond insurance doesn’t mean your health or life is at all shortened.
3. You’ll be able to see your assets as a investment not only for but for the future generation.
4. It will make you feel responsible and loving towards you family.
So delay no longer and make inquires today on how you can obtain Estate bonds in Florida to the benefit of you and your family.
Tags: Estate bond in Fort Lauderdale, Estate bond in orlando, Estate bond in Palm Beach Gardens, Estate bond in West Palm Beach
Posted in Fiduciary Bonds South Florida, License Bonds, License and Permit Bonds, Permit bonds, Probate Bonding Agent West Palm Beach, Probate Bonds, Probate Bonds Florida, Surety Bond Company, Uncategorized, estate bonds, surety bonds west palm beach | No Comments »
Friday, April 1st, 2011
A fiduciary is someone who has been appointed by a court to manage the assets or property of businesses and people who not able to manage these assets on their own. They are appointed by the court . The court has specific orders for the fiduciary to carry out certain activities. The fiduciary is also asked to guarantee the performance of their duties by posting a form of security or bond. If the fiduciary takes off with any assets, the bond is like an insurance policy against any wrongdoings of the court-appointed fiduciary.
Fiduciary Bonds
Here are some of the most common types of fiduciary bonds.
- Executor or Trustee of Estates
- Trustee of Operating Trustee (bankruptcy)
- Committee or Conservator of Incompetent
The purpose of the surety bond provided by the fiduciary is not for their protection, but rather to protect the minors, heirs, incompetents, or creditors of the estate or property assets. These bonds often do not have an expiry date and may continue indefinitely until another action of the court takes place. Some of those actions include:
- Sworn Affidavits by all interested parties
- Distribution of Assets
- Payment of Debts in the case of a bankruptcy action
- Filing of a Final Accounting
- A Subsequent Court Order
If you need assistance getting a fiduciary bond or any other type of license or permit bond give us a call.
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Posted in Fiduciary Bonds South Florida | No Comments »
Friday, March 25th, 2011
Obtaining a bond from Simon Insurance is easy. You can call us for more information and we also have a bond application that you can fill out so that when you do call you have all the information ready you need to apply for a bond.
Click Here for the bond application.
If you have bad credit and need a bond we can work with you on the following bonds:
- Surety Bonds
- Probate Bonds
- Fiduciary Bonds
- Commercial Surety Bonds
- License and Permit Bonds
- Court Bonds
- Contract Bonds and more.
Tags: bond, bonding, bonds, Florida Surety Bond Application, insurance, surety, surety bond, surety bond application
Posted in Contractor Bonding in Florida, Fiduciary Bonds South Florida, License Bonds, Permit bonds, Probate Bonds Florida, Surety Bonds for People With Bad Credit, surety bonds west palm beach | No Comments »
Friday, March 11th, 2011
Fiduciary Bonds Explained
A court-appointed fiduciary (a person to execute the wishes of the deceased via a Last Will and Testament) has to take out a surety bond so that if they fail to manage assets in the best interest of the beneficiary, a claim against the bond can be made to compensate for any losses or damages.
The existence of the bond serves to ensure from the outset that the fiduciary is able to pay those damages.
The size of a fiduciary bond will vary greatly depending on the value of the assets in question and the perceived risk.
If you are in Florida and need a Fiduciary Bond, please call us at
561.948.4141
Tags: Conservator Bond, Executor Bond, fiduciary bonds, florida fiduciary bonds, miami fiduciary bond supplier, Trustee Bonds
Posted in Fiduciary Bonds South Florida | No Comments »
Thursday, February 17th, 2011
Finding a License or Permit bond in the State of Florida is not difficult. All you have to do is give us a call at Simon Insurance and we will handle all of your license and permit bond needs.
License and Permit bonds is a sub-category of different types of bonds. They fall under the commercial aspect of bonds and guarantee the principal will adhere by the terms of the license for which they file the bond. Here are a few examples of License and Permit Bonds.
- Mortgage Broker Bonds
- Lender Bonds
- Contractor License Bonds
- Auto Dealer Bonds
If you give us a call we can help you with License or Permit bonds.
Serving all of Florida
Simon Insurance specializes in all types of bonds. You can count on Simon for fast and friendly service. We understand that our success depends on confidence, loyalty and privacy. Simon Insurance is South Florida’s source for surety, probate, court, fiduciary, license and permit bonds.
Tags: license and permit bond, License and Permit Bonds, license bond, permit bond, surety bond
Posted in Fiduciary Bonds South Florida, License Bonds, License and Permit Bonds, Permit bonds, surety bonds west palm beach | No Comments »
